Shares of Amara Raja Batteries gained more than 5% on February 3 as Emkay retained its bullish stance on the stock and raised price target after operating numbers were ahead of expectations. The stock closed at Rs 784.05, up Rs 40.90, or 5.50 percent, on the BSE. Profit during the quarter grew 26 percent YoY to Rs 164 crore, driven by lower tax rate.